#hype is showing strong momentum on the daily chart, currently trading around $86.50 after breaking above the previous consolidation area.
The important part for me is that price has pushed through the $75–$78 zone, which acted as resistance for weeks. Now that area becomes an important level to watch if we get a pullback.
As long as $HYPE can hold above that breakout zone, the bullish structure remains strong. The next area I’m watching is around $90, and a clean break above $90 could open the door for another leg higher.
I wouldn’t be chasing the current candle after such a strong move. A retest of the breakout area would give a much cleaner setup.
The important part for me is that price has pushed through the $75–$78 zone, which acted as resistance for weeks. Now that area becomes an important level to watch if we get a pullback.
As long as $HYPE can hold above that breakout zone, the bullish structure remains strong. The next area I’m watching is around $90, and a clean break above $90 could open the door for another leg higher.
I wouldn’t be chasing the current candle after such a strong move. A retest of the breakout area would give a much cleaner setup.
